India’s retail digital payment may double to $7 trillion by 2030: Report

India’s digital payments are likely to reach $7 trillion, double as compared to current levels by 2030, reported PTI quoting a Kerney and Amazon Pay joint study report named ‘How Urban India Pays’.

The digital transaction levels have seen a 138 per cent growth in the Unified Payment Interface (UPI) payments levels from the financial year 2018 to 2024. The digital payment system – UPI is developed by the National Payments Corporation of India (NPCI).